WILL THE GOVERNMENT'S PLAN TO GET FIRST TIME BUYERS ON THE PROPERTY LADDER WORK

WILL THE GOVERNMENT'S PLAN TO GET FIRST TIME BUYERS ON THE PROPERTY LADDER WORK?

The original help-to-buy equity loan scheme was launched in 2013 and runs until March. Almost 280,000 homes had been bought using it by last summer.

The new version offers similar terms – a loan of between 5% and 20% (40% in London) from the government to put towards a new-build house or flat – but, crucially, only first-time buyers can use it.

A buyer cannot have owned a home in the UK or abroad before. They must have a deposit of 5% and a mortgage of at least 25%. Homes could be reserved from last month and buyers can move in from 1 April.

JWD Removals of Eastbourne
www.jwdremovals.co.uk
The JWD Team 01323 430270

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image by: David Gonzales